Habitat for Humanity Waterloo Region120 Northfield Drive EastWaterloo, ON N2J 4G8
60 Maple AveUnit 2Sussex, NB E4E 2N5
Every Canadian deserves a safe and affordable place to call home. That is why, in May 2018, the Government launched the National Housing Co-Investment Fund (NHCF), the largest program of its kind in Canadian history.
Today, August 13, 2019, the Honourable Maryam Monsef, Minister of International Development and Minister for Women and Gender Equality, on behalf of the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister responsible for Canada Mortgage and Housing Corporation (CMHC), announced a $32.4 million financial commitment to Habitat for Humanity Canada over three years (2019-2021) from the federal government to Habitat for Humanity Canada and local Habitat organizations across Canada.
“Our Government is dedicated to helping those in need, which is why we are proud to be investing in Habitat for Humanity Canada. Through their efforts hundreds of families across Canada will realize the dream of homeownership. By investing in this project, we are one step closer to our government’s ambitious goal of creating 125,000 new housing units and lifting 530,000 families out of housing need as part of the National Housing Strategy.”- Honourable Maryam Monsef, Minister of International Development and Minister for Women and Gender Equality
With this commitment, approximately 405 new homes will be created and approximately 105 units will be repaired and renewed supporting lower-income families in communities in every province and territory across Canada. These homes will meet NHCF accessibility and energy efficiency targets and will serve a range of vulnerable populations including single mothers, Indigenous peoples, people with disabilities and seniors.
“We are extremely grateful for this partnership with the Government of Canada and CMHC as this investment will create significant opportunities for Habitat to scale and grow our program in communities across Canada.”- Ed McMahon, Chair, Habitat Canada’s National Board of Directors.
The Habitat for Humanity model of affordable homeownership bridges a gap for people who face barriers to homeownership and would not otherwise qualify for a traditional mortgage. Local Habitat for Humanity organizations in every province and territory across Canada help build and rehabilitate decent and affordable homes, from single-family houses to multi-unit developments. With the help of volunteers and donors, Habitat helps families build their own homes and pay an affordable mortgage geared to their income. Safe, decent and affordable homeownership plays a critical role in helping families build a foundation for a life with better choices and more opportunities.
Habitat’s model of affordable homeownership has long-term benefits for the larger community, with every Habitat home generating $175,000 in social benefits, according to a study by the Boston Consulting Group. These benefits come in the form of reduced reliance on social housing and food banks, better educational and employment outcomes and improved health. In 2018, Habitat homes returned almost $42 million in societal benefits.
We have been collaborating with communities, individual donors, corporations, municipalities, and volunteers to help homeowners build brighter, more stable futures since Habitat for Humanity first came to Canada in 1985.
“Collaboration with other funders will be key to our success, and we will continue to rely on the support of individual donors, corporations and the community. We know that the outcomes of our program are long-lasting and life-changing, and now, thanks to this investment from the Government of Canada and CMHC, we can help even more Canadians in need of affordable housing than ever before.”- Mark Rodgers, President and CEO, Habitat for Humanity Canada
That spirit of collaboration has been integral to our partnership with CMHC and the National Housing Co-Investment Fund. The funding we will be receiving covers only some of the costs it takes to build homes in Canada, and the funding will be contingent upon maintaining and strengthening existing partnerships, developing new ones, and coming together to solve the affordability issue for Canadians.
Together, we can empower families to overcome the barriers to affordable homeownership and help them build healthier, more financially stable lives. We know that the outcomes of our program are long-lasting and life-changing – and it takes all of us to make that happen. To learn about ways to partner with us visit https://habitat.ca/en/partner
- Government of Canada Invests in Habitat for Humanity Canada to Support New and Repair Existing Affordable Housing, Peterborough, Ontario, August 13, 2019- Government of Canada Invests in Habitat for Humanity Canada to Support New and Repair Existing Affordable Housing, Scarborough, Ontario, August 15, 2019National news coverage:
- Global News: Federal government provides $32.4M to Habitat for Humanity Canada for affordable housing
For more information, contact:
Meghan ReddickVice President, Brand Strategy and Communicationsmreddick@habitat.ca
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